Positive USD 70.5m non-recurring item related to U.S. tariff case
Electrolux will report a positive non-recurring item of USD 70.5m (SEK 656m) in the first quarter 2022 report related to the case of tariffs on washing machines imported to the U.S.Electrolux has reached a settlement related to the case of tariffs on washing machines imported into the U.S. from Mexico in 2016/2017. The settlement payment of USD 70.5m (SEK 656m) from prior counsel will be reported as a non-recurring item, positively impacting the first quarter operating income in business area North America. The positive cash flow impact is expected to occur during the second quarter of 2022.